July 11, 2011

Staffing & Employment News from Redfish Technology

Staffing & Employment News

Gloom and confidence, contradictory predictions on hiring and profits

 

Gloomy employment report numbers a surprise

The Employment Report for June has been called “moribund” and “abysmal”. On the eve of the report however, ADP predicted month-to-month strength in private payroll data, estimating a 157,000 gain. Other analysts also predicted better gains, projecting 125,000 in June. Instead, the BLS reported private payrolls at 75,000 and overall nonfarm payrolls at 18,000 due to declines in government sector employment (39,000 in June, 48,000 in May).

Confidence down despite projected rise in profits

The Conference Board measure of CEO Confidence dipped in the second quarter to 55, after rising in Q1 to 67. Lynn Franco, Director of The Conference Board Consumer Research Center said: “CEO confidence cooled considerably in the second quarter, a reflection of a sluggish U.S. economy. Looking ahead, expectations are that this slow pace of economic growth will continue. Regarding the outlook for profits over the next 12 months, the news was a bit more favorable, with about 70 % of CEOs anticipating profit increases.”  (more…)

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February 1, 2011

Putting the “Human” in Social Media…the Increased Importance of Good Recruiting

Putting the “Human” in Social Media…the Increased Importance of Good Recruiting

by Shannon Tinker

Social networking and recruiting has expanded beyond our wildest dreams and offers a gazillion (roughly) free ways to connect with people.  If predictions are accurate, we can expect 50% of web marketing and sales to attribute their growth to a social presence by 2015. Considering the number of free resources, it’s natural to question the need for recruiters and recruiting agencies altogether.  How do you quantify recruiting and justify recruiting costs, when most everyone is visible to the googling public? Has technology and the Internet posed a threat to the recruiting world, as we know it?  Or, has it made professional recruiters more valuable than ever? (more…)

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October 11, 2010

Staffing & Employment News, Redfish October Newsletter

Staffing & Employment News

from the Redfish Technology October Newsletter

C-Level Confidence:

There is growth in hiring in the private sector. The third quarter Vistage CEO Confidence Index survey showed the level of confidence up for the 7th consecutive quarter. Reportedly 46% of CEOs plan to expand their workforce in the 3rd quarter survey, up from 39% a year ago. According to the latest survey by CareerBuilders and USAToday, 21% of employers plan to hire in the fourth quarter. Last quarter 25% of employers reported adding to headcount, and the previous two quarters of 2010 also saw improvements both in sequential and year over year hiring. While a lot of the hiring is for impermanent positions, many employers plan to transition workers to permanent positions. According to the survey, the positions most likely to be hired for contract or temporary staff in the last quarter of 2010 are: IT (27%), Administrative (25%), Engineering (12%), Finance and Accounting (12%), Sales and Marketing (10%), and Creative & Design roles (9%). The American Staffing Association’s staffing index rose to the highest level in two years. Hitting a reading of 100 in the week of Sept. 20th, this is the first time since May 2008 that the index has reached 100. (more…)

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